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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
WASHINGTON (MarketWatch)
Manufacturing activity in the Philadelphia region
rebounded only slightly in July, the Federal Reserve Bank of Philadelphia
reported Thursday
The Philly Fed diffusion index rose to negative 12.9 in July
from negative 16.6 in June
This is the third straight monthly reading below
zero, indicating contraction
The increase in the index was smaller than
expected
Economists were looking for the index to improve to negative 6.8
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